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Purchasing your first home is an exciting milestone! But it can feel daunting navigating the process. At Twin Pine Mortgages, we make things easy by supporting you each step of the way as your broker.

Less Stress, More Support

At Twin Pine Mortgages, we take time to explain mortgage concepts simply without overwhelming you with complex financial jargon. We know finding the right mortgage feels confusing. But our experts are here to find the perfect mortgage match while handling all the financing details for you. With us by your side, you can focus your energy on finding that dream first home!


Rest assured - we've helped hundreds of first-time buyers just like you move from renting to owning. Our caring experts relate to the uncertainty you face and are here to help each step of the way as your trusted mortgage broker! Let's chat about how we can make your dreams of homeownership a reality.

Buying Your First Home: A Guide for First-Time Buyers

Getting a Mortgage Agreement in Principle 

The first step is obtaining a mortgage "Agreement in Principle" (AIP). An AIP pre-approves you for a loan amount, so you know your maximum budget when viewing homes. To get an AIP, you’ll need to provide recent bank statements, proof of income, credit reports, and details on existing debts. This gives lender an overview of your financial situation to determine what you can afford to borrow.

Saving for a Deposit

In addition to being pre-approved, you need cash savings ready for a deposit. Aim to save at least 5-10% of the property price. The more you put down, the better the mortgage rates and lower loan amount. Check if you qualify for Government funded scheme or other first-time buyer schemes. Family gifts can also offer a welcome boost.

Choosing the Right Home

Once you have an AIP, start viewing homes within your budget. Consider aspects like location, size, number of bedrooms/bathrooms and transport links. Check flood risk areas. Get a professional property survey done to uncover any issues not found during a regular viewing. Thoroughly research neighbourhoods and market pricing so you negotiate effectively

Understanding Mortgage Rates & Fees

There are two main mortgage types to understand: fixed-rate and tracker rate. Fixed-rate mortgages have consistent monthly payments for an initial period whereas tracker rates fluctuate based on the Bank of England base rate. Watch out for arrangement fees, valuation fees, solicitors fees and stamp duty tax when budgeting overall costs.  

Making an Offer & Navigating Conveyancing

Once your offer is accepted, the property conveyancing process begins. Conveyancers facilitate the legal transfer of home ownership. Use a conveyancer that is on the lenders panel to ensure smooth proceedings. Conveyancing paperwork takes an average of 15 weeks for home buyers in the UK. Speed things along by promptly responding to conveyancer requests and enquires.

Protecting Your Investment

An often overlooked aspect of homebuying is adequately protecting your new home and mortgage obligations. Our team of brokers at Twin Pine Mortgages are experts in first-time buyer protection solutions so you can safeguard your investment. We can help you find the cover based on the unique needs when initially getting on the property ladder. Our advisers provide guidance on policies for life insurance, buildings, contents, income protection and more so you can have peace of mind.

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